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Executive Sadman

Is Any Inventory Getting To Auction.

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Usually when i have a quick click through eigroup, theres 2-3000 properties on at any one time. Given they seem to turnover every 2 weeks on average, that suggests an annual total of 60,000 properties or so, about to be expected.

Recently, auction sales seem to have tailed off, today i look, and there are just 275 properties for auction in the next two weeks or so across the entire country. Theyve even done away with the reposession search facility.

http://www.eigroup.co.uk/public/searchresults.asp?src=Search

I wonder when the firesale will begin? Even awash with funny money, the banks cant enjoy having depriciating assets on their book getting no income whatsoever.

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